Question

Use the comparative income statement for New Age Design, Inc., presented in Problem.
In Problem, During 2013, New Age Design, Inc., put on a sales promotion campaign that cost $ 4,162 more than it usually spent for advertising. The condensed partial comparative income statement for the fiscal years ended December 31, 2013, and December 31, 2012, follows.


Required
1. Using vertical analysis, prepare a comparative income statement for the two- year period. Round percentages to three decimal places.
2. Comment on the percentagefigures.


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  • CreatedOctober 21, 2014
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